Fri, Aug 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund Midway Market Neutral Fund beats June selloff with 0.35% gains

Monday, July 22, 2013

Precy Dumlao, Opalesque Asia:

The Midway Market Neutral Fund, managed by New York based fixed income hedge fund manager The Midway Group beat the market selloff in June and posted a minimal +0.35%, net of fees and expenses. However, the fund’s year-to-date performance was pegged at -3.32%, compared to -2.44% for the Barclays Aggregate, 13.82% for the S&P 500 (Total Return) and 3.55% for the HFR Hedge Fund Index.

John K. E. Morris, Midway Group Managing Director, commented, "Recent price volatility notwithstanding, we remain constructive on the opportunity looking forward.

The fund closed last year up 26.69% (est.). Launched in May 2001, it has annualized 21.5% since then. It can be found in Opalesque’s A Square database. The Midway Group, which manages $468m in AuM, gathers fixed income managers that provide investment strategies in hedged mortgage securities and focuses exclusively on the U.S. residential mortgage market.

He continued, "During the month we managed through a continued moonshot to higher rates. We saw an unprecedented 100bps move in rates over a 60 day period. Much of the backup, which started in early May (after a severe reversal) accelerated in response to Bernanke’s statements on the Fed’s plans to 'taper’ its extraordinary monetary stimulus. A lot has been written subsequently about the market’s p......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest